*** IN MOST CASES, A CHAPTER 7 OR CHAPTER 13 BANKRUPTCY FILING STOPS A FORECLOSURE AUCTION ***An "automatic stay" issues from the United States District Bankruptcy Court as soon as you file your Chapter 7 or Chapter 13 bankruptcy petition [except in certain instances where prior bankruptcy filings have occurred within the previous 12 months]!

We immediately inform the foreclosure trustee and lender that the automatic stay has been issued -- the auction of your home cannot be held while the automatic stay is in place!

In most instances, Chapter 13 petitions are filed for homeowners who are in loan modification review or who intend to file loan modification applications. Chapter 7 petitions are generally filed by homeowners who intend to surrender the property, and/or who may need to reduce or eliminate non-secured debts to make loan modification review more feasible -- consult us for an analysis of your best personalized course of action.